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1 vote
Tim has a savings account with the bank. The bank pays him 3% per year. He has $6,200 and wonders

when it will reach $6,700. When will his savings reach $6,700? If necessary, round your answer to the
nearest whole number.
Considering Interest is calculated yearly, it will take Tim approximately
year(s)

User Pme
by
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1 Answer

4 votes

Answer:

about 3 years

Explanation:


6200( {1.03}^(x)) = 6700


x = 2.62

about 3 years

User Pmoniq
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